Brokerages Set Genius Sports Limited (NYSE:GENI) Price Target at $10.72

Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) have been assigned an average rating of "Buy" from the nine analysts that are covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $10.72.

Several research firms have recently weighed in on GENI. The Goldman Sachs Group boosted their price target on Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Citigroup boosted their target price on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Benchmark raised their price target on shares of Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Macquarie boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Oppenheimer raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th.

Institutional Investors Weigh In On Genius Sports

Several institutional investors and hedge funds have recently modified their holdings of GENI. Koss Olinger Consulting LLC bought a new stake in Genius Sports in the 2nd quarter worth approximately $64,000. Vanguard Personalized Indexing Management LLC bought a new stake in Genius Sports in the second quarter worth $67,000. Sound Income Strategies LLC purchased a new stake in Genius Sports during the third quarter valued at $78,000. Arkadios Wealth Advisors bought a new position in Genius Sports during the third quarter valued at $79,000. Finally, Captrust Financial Advisors purchased a new position in shares of Genius Sports in the 3rd quarter worth $84,000. Institutional investors own 81.91% of the company's stock.

Genius Sports Stock Performance

Shares of GENI traded down $0.01 during mid-day trading on Friday, reaching $8.71. The company had a trading volume of 1,709,444 shares, compared to its average volume of 2,408,399. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -27.22 and a beta of 2.12. The firm has a 50-day moving average price of $8.51 and a 200 day moving average price of $7.29.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to analysts' expectations of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. As a group, research analysts forecast that Genius Sports will post -0.16 earnings per share for the current fiscal year.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.